Treasury practices
Treasury Management is defined as:
“The management of the local authority’s investments and cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities and the pursuit of optimum performance consistent with those risks."
External debt: We currently have external debt of £63m attributable to our housing stock, which is approximately 4,220 properties.
Investment portfolio: At 31 March 2018 totaled £50.8m and averaged £51.7m over the year. Managing the portfolio involves around 100 money market transactions during the year, all of which are managed in-house.
Capital projects: We spent approximately £9.2m on capital projects during the 2017/18 financial year.
Capital spending: Approximately £59.7m has been allocated for Capital spending during 2018/19.
The Council has adopted the CIPFA code of practice for Treasury Management. We seek to identify, manage and control risk as a prime priority. Optimising returns is seen as secondary, but still important.
